I am in a beautiful sell position on AUD/CAD.
As we can see from the chart a quite significant trendline has been broken in conjunction with the MA 50 / 20 crossing over nicely on the 1HR timeframe.
Also if you go to the daily timeframe the previous candle low has been traded through confirming potential downside.
I will be targeting the asia low that I have mapped out which would be a 2% Risk to Reward trade.
As we can see from the chart a quite significant trendline has been broken in conjunction with the MA 50 / 20 crossing over nicely on the 1HR timeframe.
Also if you go to the daily timeframe the previous candle low has been traded through confirming potential downside.
I will be targeting the asia low that I have mapped out which would be a 2% Risk to Reward trade.